UBS Group Increases Topgolf Callaway Brands (NYSE:CALY) Price Target to $15.00

Topgolf Callaway Brands (NYSE:CALY) had its price objective boosted by research analysts at UBS Group from $11.00 to $15.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price target points to a potential upside of 11.04% from the stock’s current price.

A number of other brokerages have also recently issued reports on CALY. Zacks Research cut shares of Topgolf Callaway Brands from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 17th. Weiss Ratings began coverage on Topgolf Callaway Brands in a research note on Tuesday, March 3rd. They set a “sell (d-)” rating for the company. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $15.00.

Topgolf Callaway Brands Stock Performance

Shares of NYSE:CALY opened at $13.51 on Friday. Topgolf Callaway Brands has a 12 month low of $5.42 and a 12 month high of $16.65. The company has a quick ratio of 1.22, a current ratio of 1.36 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $2.49 billion, a PE ratio of -42.22 and a beta of 0.96.

About Topgolf Callaway Brands

Topgolf Callaway Brands plc (NYSE: MODG) is a leading global sports and entertainment company formed through the merger of Callaway Golf Company and Topgolf Entertainment Group in July 2022. The company combines Callaway’s heritage in golf equipment design and manufacturing with Topgolf’s innovative, technology-driven entertainment venues. Topgolf Callaway Brands serves a diverse audience of golf enthusiasts, casual players and social visitors, offering experiences that span both competitive sport and leisure activities.

Under the Callaway Golf brand, the company develops and markets a broad portfolio of premium golf clubs, balls, accessories and apparel.